CFAM&LCA1 (SQA Unit Code - H422 04) Identify and evaluate opportunities for innovation and improvement 1

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1 Identify and evaluate opportunities for innovation and improvement Overview This standard is about identifying opportunities to develop new products/services or markets or processes or to improve existing products/services, markets or processes. It also covers evaluating potential innovations and improvements against agreed criteria. This activity is rarely carried out by one person alone. A diverse range of people within the organisation and other key stakeholders including, for example, customers and suppliers may need to be engaged both in identifying and evaluating opportunities for innovation and improvement. This standard is relevant to managers and leaders who are responsible for identifying and evaluating opportunities for innovation and improvement across the organisation or within their particular area of responsibility. This standard links closely to all the other standards in key area CA Facilitate innovation and change. CFAM&LCA1 (SQA Unit Code - H422 04) 1

2 Performance criteria You must be able to: P1 Engage appropriate people within your organisation in identifying and evaluating opportunities for innovation and improvement. P2 Identify and pursue opportunities to work in collaboration with external experts and other organisations to generate and develop ideas. P3 Monitor trends and developments in your organisation s operating environment. P4 Monitor the performance of your organisation s products/ services and processes and benchmark with comparable organisations. P5 Identify potential new products/services, new markets, new processes and improvements to existing products/services and processes. P6 Agree with key stakeholders clear criteria for evaluating potential innovations and improvements. P7 Gather sufficient, valid information to allow potential innovations and improvements to be evaluated. P8 Evaluate potential innovations and improvements against agreed criteria. P9 Communicate your evaluation to key stakeholders in ways that help them appreciate the potential value of innovations and improvements. P10 Communicate your evaluation to those involved in ways that reinforce their commitment to seek opportunities for innovation and improvement. P11 Take action to protect the intellectual property rights of innovations, where required. CFAM&LCA1 (SQA Unit Code - H422 04) 2

3 Knowledge and understanding You need to know and understand: General knowledge and understanding K1 How to engage employees and stakeholders in identifying and evaluating opportunities for innovation and improvement. K2 Monitoring principles, methods, tools and techniques. K3 Benchmarking principles, methods, tools and techniques. K4 Change management principles, methods, tools and techniques. K5 How to develop and gain consensus on criteria for evaluating potential innovations and improvements. K6 How to gather and validate information. K7 How to evaluate potential innovations and improvements against criteria. K8 Innovation principles, methods, tools and techniques. K9 The principles and methods of effective communication and how to apply them. K10 How to protect the intellectual property rights. You need to know and understand: Industry/sector specific knowledge and understanding K11 Comparable organisations in your sector. K12 Current and emerging trends and developments in your sector. K13 Sources of information in your sector. You need to know and understand: Context specific knowledge and understanding K14 Individuals within your area of work, their roles, responsibilities, competences and potential. K15 Political, economic, social, technological, legal and environmental factors that affect your organisation. K16 Your organisation s operating environment. K17 External experts and other organisations with which you may collaborate to generate and develop ideas. K18 Your organisation's business processes. K19 Your organisation's markets. K20 Your organisation's products and services. K21 Your organisation's stakeholders, their interests and expectations. CFAM&LCA1 (SQA Unit Code - H422 04) 3

4 K22 Change management frameworks and methods used in your organisation. CFAM&LCA1 (SQA Unit Code - H422 04) 4

5 Behaviours When performing to this standard, you are likely to demonstrate the following behaviours: 1 Seize opportunities presented by the diversity of people 2 Seek opportunities to improve performance 3 Constructively challenge the status quo and seek better alternatives 4 Encourage, generate and recognise imaginative and innovative solutions 5 Present information clearly, concisely, accurately and in ways that promote understanding 6 Keep people informed of plans and developments in a timely way 7 Support others to make effective use of their abilities 8 Give feedback to others to help them maintain and improve their performance 9 Use cost-effective, time-effective and ethical means to gather, store and retrieve information 10 Check the accuracy and validity of information 11 Communicate clearly the value and benefits of a proposed course of action 12 Anticipate likely future scenarios based on a realistic analysis of trends and developments 13 Identify the range of elements in a situation and how they relate to each other 14 Specify the assumptions made and risks involved in understanding a situation CFAM&LCA1 (SQA Unit Code - H422 04) 5

6 Skills When performing to this standard, you are likely to demonstrate the following skills: Analysing Assessing Benchmarking Building consensus Communicating Consulting Empowering Evaluating Forecasting Information management Innovating Involving others Learning Monitoring Networking Presenting information Providing feedback Scenario building Thinking creatively Valuing and supporting others CFAM&LCA1 (SQA Unit Code - H422 04) 6

7 Developed by CFA Business work Version number 2.0 Date approved March 2012 Indicative review date Validity Status Originating organisation Original URN March 2015 Current Original CFA Business work CFAM&LCA1 CFAM&LCA1 (SQA Unit Code - H422 04) 7